Solving a tragedy of the commons problem could be done through:
I. establishment of property rights over the common resource.
II. the invisible hand.
III. government-armed protection.
A) II only
B) I and II only
C) I and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Establishment of property rights (I) can help manage and protect common resources by assigning ownership and responsibility. Government-armed protection (III) can enforce rules and regulations to prevent overuse. The invisible hand (II) typically does not address the tragedy of the commons, as it relies on individual self-interest, which can lead to resource depletion.

Solving a Tragedy of the Commons Problem Could Be Done